The Securities Commission has granted CWC Energy Services Corp. (the Filer) an order to cease being a reporting issuer, meaning it will no longer be subject to public reporting requirements. This decision is based on several key findings:
1. The Filer is not an OTC reporting issuer, meaning it’s not subject to U.S. over-the-counter market reporting obligations.
2. The Filer’s securities are held by fewer than 15 securityholders in any single Canadian jurisdiction and by fewer than 51 holders globally.
3. The Filer’s securities are not traded on any public marketplace or facility where trading data is reported.
4. The Filer has requested to cease being a reporting issuer in all Canadian jurisdictions where it currently has this status.
5. The Filer is not in violation of any securities legislation in any jurisdiction.
The order is supported by the securities legislation of Alberta and Ontario, specifically section 153 of the Securities Act (R.S.A. 2000, c. S-4) and section 1(10)(a)(ii) of the Securities Act (R.S.O. 1990, c. S.5, as amended). Additionally, the Alberta Securities Commission is the principal regulator for this application, and the order reflects the decision of both Alberta and Ontario authorities. The regulatory framework includes National Policy 11-206 Process for Cease to be a Reporting Issuer, Multilateral Instrument 11-102 Passport System, and National Instrument 14-101 Definitions. The order was issued after confirming that the Filer met the necessary criteria for cessation of reporting issuer status.